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The Group’s medium term objectives are to set leading performance standards in its sector of the jewellery market on both sides of the Atlantic, to increase new store space in the US and store productivity in the UK, and to be broadly cash flow neutral after funding the needs of the business and dividend payments. US To gain further profitable market share through like for like sales growth and by focusing on proven competitive strengths. To increase space by 7% − 9% per annum. UK To increase store productivity and operating margin by lifting the average transaction value, predominantly through greater diamond sales.
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